Director/PDMR Notification

RNS Number : 8818Y

Pantheon Resources PLC

19 January 2022

 

19th January 2022

Pantheon Resources plc

Director/PDMR Notification

Pantheon Resources plc ("Pantheon" or "the Company"), the AIM-quoted oil and gas company with a 100% working interest in all of its oil projects adjacent and near to transportation and pipeline infrastructure on the Alaska North Slope announces that following the conversion of share options, Justin Hondris, a Director and PDMR of the Company, has sold 500,000 shares at an average price of £0.7014 per share. Following the completion of the sale and purchase, his ultimate beneficial ownership is unchanged and remains at 1,491,812 shares representing 0.20% of the Company's total voting rights. This announcement, including the notification below, is made in accordance with the requirements of the EU Market Abuse Regulation.  

Details of the transaction are reported in the PDMR Notification below.

Further information:

Pantheon Resources plc	[phone]
Jay Cheatham, CEO
Justin Hondris, Director, Finance and Corporate Development
Canaccord Genuity plc (Nominated Adviser and broker)
Henry Fitzgerald-O'Connor,  James Asensio	[phone]
Blytheweigh
Tim Blythe, Megan Ray, Alice McLaren, Madeleine Gordon-Foxwell	[phone]

Notes to Editors

Pantheon Resources plc is an AIM listed Oil & Gas company focused on several large projects located on the North Slope of Alaska ("ANS"), onshore USA where it has a 100% working interest in 153,000 highly prospective acres with potential for multi billion barrels of oil recoverable. A major differentiator to other ANS projects is its close proximity to transport and pipeline infrastructure which offers a significant competitive advantage to Pantheon, allowing for materially lower capital costs and much quicker development times. The Group's stated objective is to create material value for its stakeholders through oil exploration, appraisal and development activities in high impact, highly prospective conventional assets, in the USA; a highly established region for energy production with infrastructure, skilled personnel and low sovereign risk. All operations are onshore USA, with drilling costs materially below that of offshore wells.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) incorporated into, or forms part of, this announcement. The information contained within this announcement is considered to be inside information prior to its release.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Justin Hondris
2	Reason for the notification
a)	Position / status	Finance Director
b)	Initial notification / amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pantheon Resources plc
b)	Legal entity identifier	213800SWHY5DNQS64J23
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary Shares
	Identification code	GB00B125SX82
b)	Nature of the transaction	Sale of shares following the exercise of share options
c)	Currency	GBP
d)	Price(s) and volume(s)	500,000 @ £0.7014
e)	Aggregated information	n/a
f)	Date of the transaction	18 January 2022

-Ends-

 

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